Oil Slides on US-Venezuela Deal and OPEC Silence on Embargo Calls

[ad_1] OIL PRICE FORECAST: Oil Struggled in the European Session as Market Participants Weighed the Prospects of the US-Venezuela Deal. OPEC Remains Silent Following Iran’s Calls for an Oil Embargo. IG Client Sentiment Shows Traders are 68% Net Long on WTI. A Sign of Further Downside Potential Given the Contrarian View to Client Sentiment Adopted

USD/CAD Slides as Oil Surprisingly Follows Suit on Potential US-Venezuela Oil Deal

[ad_1] USD/CAD, WTI OIL PRICE, CHARTS AND ANALYSIS: The Loonie Faces a Key Moment Tomorrow as Inflation Data is Due Ahead of the BoC Meeting Next Week. WTI Slides as US-Venezuela Deal Grows Closer. Middle East Tensions Simmer with Developpements Around Iranian Involvement to be Monitored. Retail Traders are Currently Short on USDCAD as 61%